[中报]招港B(201872):2023年半年度报告摘要（英文版）
Indicate by tick mark whether there is any retrospectively restated datum in the table below. √ Yes ? No Reason for retrospective restatements: Change to accounting policies The Ministry of Finance issued Interpretation No. 16 for the Accounting Standards for Business Enterprises (C.K. [2022] No. 31) on 30 November 2022, which stipulates that the “accounting treatments for deferred income taxes associated with assets and liabilities arising from a single transaction to which the initial recognition exemption does not apply” shall take effect since 1 January 2023. In accordance with the aforesaid standard and regulations of the Ministry of Finance, the Company has adopted Interpretation No. 16 for the Accounting Standards for Business Enterprises since 1 January 2023.
The controlling shareholder remained the same in the Reporting Period. Change of the actual controller in the Reporting Period: □ Applicable √ Not applicable The actual controller remained the same in the Reporting Period. 5. Number of Preferred Shareholders and Shareholdings of Top 10 of Them □ Applicable √ Not applicable No preferred shareholders in the Reporting Period. 6. Outstanding Bonds at the Date when this Report Was Authorized for Issue Does the Company have any corporate bonds publicly offered on the stock exchange, which were outstanding before the date of this Report’s approval or were due but could not be redeemed in full?
Part III Significant Events 1. Business Overview of the Reporting Period Is the Company subject to any industry-specific disclosure requirements? The Company is not subject to any industry-specific disclosure requirements. (1) Overview of port business In the first half of 2023, port businesses coincided with industry mainstream trend which scaled up share of key region market, and the Company’s investment on Ningbo Port also increased its business volume. The Company’s ports handled a total container throughput of 87.075 million TEUs, up 30.4% year-on-year. Bulk cargo volume handled by the Company’s ports increased by 115.3% year-on-year to 630 million tonnes, which was mainly thanks to the business volume of Ningbo Port included in the Company since October 2022, contributing business increment of the Company with container throughput of 19.74 million TEUs and bulk cargo throughput of 333 million TEUs in the first half of the year. For container business, the Company’s ports in Mainland China handled a container throughput of 67.747 million TEUs, representing a year-on-year increase of 46.4%, ports in Hong Kong and Taiwan regions contributed a total container throughput of 2.791 million TEUs, representing a year-on-year decrease of 22.4%, and the total container throughput handled by the Company’s overseas ports grew by 116.7% year-on-year to 16.537 million TEUs. In terms of bulk cargo business, the Company’s ports in Mainland China handled a bulk cargo volume of 627 million tonnes, up 116.7% year-on-year, and overseas ports handled a bulk cargo volume of 2.797 million tonnes, down 12.8% year-on-year. (2) Implementation of business plan during the reporting period During the Reporting Period, the Company sticked to its fundamental working principle of making advancement while maintaining stable. It proactively coped with the global economic downturn and shrink of demand, continued to focus on endogenous growth and innovation upgrading and captured opportunities under the complex economic and trade situation to fully implement various development measures. In respect of construction of homebase port, technological innovation, market expansion, operation management, deepening reform, comprehensive development, ESG and other aspects, the Company has achieved new accomplishment and made a solid step for high quality development. ① As for the construction of homebase ports, strengthening regional position and extending value chain. Under the situation that the overall container throughput in the Guangdong-Hong Kong-Macao Greater Bay Area declines, the West Shenzhen homebase port, by adjusting competitive strategy, consolidated and further enhanced its market share in foreign trade. Meanwhile, it further advanced the upgrade of the hardware of collection and transportation infrastructures of West Shenzhen homebase port, enabling ships of 200,000 tonnes to sail at night in Tonggu channel. For homebase port in Sri Lanka, the Company continued to advance the construction of the international shipping center in South Asia. CICT continued to optimize route layout and steadily improved its market share in Colombo Market, maintaining its dominant position; besides, it steadily advanced the trade and logistics project in South Asia, to cultivate the China Merchants Port Group Co., Ltd. Interim Report 2023 (Summary) competitiveness with comprehensive service features, building up new development momentum of “port + logistics center”. HIPG strengthened market expansion and its transfer business of RO-RO, liquefied petroleum gas, and fuel oil all recorded relatively high growth. ② In terms of technological innovation, promoting technological innovation and constructing smart port. CMIT, a subsidiary of the Company, continued to increased investment in R&D of technologies, steadily implemented the critical task to overcome the structural upgrade of the Container Terminal Operation System (CTOS) of Ministry of Transport, continued to optimized the proposal of autonomous driving technology, sped up the R&D and promotion of products of comprehensive service platform of “CM ePort” version 3.0, and constantly promoted the deepening of management of the Smart Management Platform (SMP). In the first half, “5G Mawan Smart Port” was included in the first batch of pioneer application excellent cases and solutions in Shenzhen. On 12 August, China Federation of Logistics & Purchasing announced that the “West Shenzhen Port Import Electronic Order Exchange Platform Project Based on Alliance Chain and Cloud Technology obtained the First Prize of Science and Technology Progress Award. ③ In terms of market expansion, improving service quality and promoting model innovation. The Latin American bridgehead, TCP’s market share has further improved, and the leading position of HIPG RoRo in the reginal market has been further strengthened. In the Guangdong-Hong Kong-Macao Greater Bay Area, the Company actively facilitated inter-companies synergy in the China Merchants Group, built high-quality routes with “customized port services” and proactively expanded business along the Southeast Asian routes. With continuous progress, the coordinated port business in the Guangdong-Hong Kong-Macao Greater Bay Area has covered every major regions of Guangdong Province. 5 new sites and a total of 30 sites were opened in the first half of 2023, serving nearly 6,000 import and export enterprises and completed more than 0.40 million TEUs in aggregate since operation. ④ In terms of operation management, construction of an operation management and control system and improving streamline operation capacity. By leverage of SMP, the Company built a one-stop comprehensive management platform of CMPort, supporting the business analysis of all modules, namely containers, bulk cargos, logistics park, comprehensive development and intelligent technology. SMP takes digital technology as the key force and applies smart tools to drive the transformation of means, modes and concepts of the operation and management of CMPort. At present, the Company has substantially realized the classification and management of information of lifetime of assets, the standardization and onlineization of major business processes. Besides, the Company also optimized the engineering management system and set up an engineering management center to carry out works; optimized its profitability and constantly developed measures to enhance its quality and efficiency; optimized and reshaped its business and financial analysis framework to strictly control the increase of cost and expenses; deepened cost control to form a normalization mechanism of cost reduction and higher efficiency. The streamline operation of the Company has achieved phased results. ⑤ In terms of deepening reform, strengthening system and mechanism reform, inspiring the vitality of enterprises. The Company deeply implemented the “Double-Hundred Action” and emphasized on comprehensive industrial system of ports, with an aim to serve the national development strategy, optimize capital layout and improve industrial competitiveness. By focusing on governance mechanism, employment mechanism and incentive mechanism, the Company has made new progress in terms of promoting reform of equity diversification, optimizing overseas legal person governance system, implementing a market-based selection and appointment mechanism, and strengthening the incentive-oriented role of salary, thus further stimulated the deep
(1) Changes to Accounting Policies, Accounting Estimates or Measurement Methods Compared to the Last Accounting Period The Ministry of Finance issued Interpretation No. 16 for the Accounting Standards for Business Enterprises (C.K. [2022] No. 31) on 30 November 2022, which stipulates that the “accounting treatments for deferred income taxes associated with assets and liabilities arising from a single transaction to which the initial recognition exemption does not apply” shall take effect since 1 January 2023. In accordance with the aforesaid standard and regulations of the Ministry of Finance, the Company has adopted Interpretation No. 16 for the Accounting Standards for Business Enterprises since 1 January 2023. (2) Retrospective Restatements due to the Correction of Material Accounting Errors in the Reporting Period □ Applicable √ Not applicable No such cases. (3) Changes to the Scope of Consolidated Financial Statements Compared to the Last Accounting Period During the reporting period, except for the establishment of new subsidiaries, the Company did not have any changes in the scope of consolidation due to other reasons. China Merchants Port Group Co., Ltd. Board of Directors Dated 31 August 2023 中财网
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